Forex News - The Rupee ended lower by 18 paise to 66.81 against the US currency on fresh dollar demand from banks and importers in view of foreign capital outflows amidst fall in equity market.
However, it trimmed losses on mild selling of dollars by banks and recovered to 66.70 per dollar before ending at 66.81 per dollar, still showing a loss of 18 paise or 0.27 per cent.It moved in a range of 66.9250 and 66.70 per dollar during the day.
The Dollar index was up by 0.20 per cent against a basket of six currencies in the late afternoon trade.In overseas, the safe haven yen eased against dollar after China's central bank set a stronger guidance rate for the yuan in early Asian trade, soothing fears that Beijing is trying to weaken its currency to gain a competitive export advantage.
The RBI fixed the reference rate for the dollar at 66.7885 and for the euro at 72.9264.The rupee firmed up further against the pound sterling to settle at 97.34 from the last weekend's level of 97.40 but dropped against the euro to finish at 72.82 from 72.46.The domestic unit also fell against the Japanese yen to end at 56.76 from 56.34 per 100 yen.
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